Through art competition, credit union aims to help facilitate conversation between parents and children about the importance of saving money

Philadelphia, PA, September 9, 2013 – Philadelphia Federal Credit Union (PFCU) today announced the kickoff of its 2nd annual art competition that will challenge students to submit a work of art that depicts their favorite activity that’s inexpensive and then describe what they do with the money they save. Open to Philadelphia-area 3rd, 4th and 5th graders, PFCU’s “Back-to-Savings Art Contest” is designed to teach children the importance of starting to save money at an early age. Winners of the contest will receive school supplies for their entire classroom ($250 value) along with a personal $100 savings account. The deadline to submit entries is October 18, 2013.

In 2012, students from more than 30 schools in the Philadelphia area participated in the art competition. This year, PFCU is expanding its program to include classroom presentations at area schools given by PFCU’s Financial Educator. The presentation is designed to teach students creative ways to save money and the benefits of saving money.

“Conversations between parents and children about good financial planning habits are not as commonplace as one might imagine, and this contest will help facilitate discussions about this valuable and life-changing topic,” said Dominique Jenkins, Financial Educator at Philadelphia Federal Credit Union. “Our hope is that through participation in the art competition and the classroom presentations, students will walk away from the experience feeling a sense of ownership in their financial future.”
All Philadelphia-area students in grades 3-5 are eligible to participate, regardless of membership at PFCU. Once all entries are submitted on October 18, 2013, a special committee will select six finalists. On November 1, 2013, the artwork from the six finalists will be posted on PFCU’s Facebook page for the public to vote on through November 15, 2013. Two winners will be announced on PFCU’s Facebook page on November 18, 2013.

“Philadelphia Federal Credit Union has been investing in the communities it serves for more than 60 years, and we are actively working to enhance the quality of life of the people in those communities,” said James McAneney, president and CEO of Philadelphia Federal Credit Union. “This contest will not only teach young people important skills that will help them lead a better life, but it will also help support the Philadelphia area school systems by providing much-needed school supplies to two lucky winners’ classrooms. We cannot wait to see what the students create.”

To enter PFCU’s “Back-to-Savings Art Contest,” read the complete rules and download the Official Contest Entry Form, visit www.pfcu.com/backtosavings. Entries must be mailed to PFCU’s Operations Center (Attention: Marketing Department 12800 Townsend Road, Philadelphia, PA 19154) or delivered to one of the 10 PFCU branches no later than October 18, 2013.
For more information or to hear about other work PFCU is doing in the Philadelphia area, please visit, http://bit.ly/O73rAd.

About Philadelphia Federal Credit Union

Founded in 1951, PFCU is a member-owned, not-for-profit, financial institution serving Philadelphia and Columbia County. PFCU is among the top five credit unions in the Greater Philadelphia area with ten branch locations, more than $878 million in assets, 110,675 members and more than 400 Select Employee Groups (SEGs). PFCU returns its profits to members in the form of higher dividend rates, lower loan rates, better services, and investment in the community. For more information, visit www.pfcu.com and connect with PFCU on Facebook and Twitter.